Housing Finance

Class - BBA ll nd yr.

Subject - Financial Market & Services

Subject type - Minor ll

By AP N Jaiswal

As per the

Reserve Bank of India (RBI), housing finance involves providing loans for the purchase, construction, renovation, or repair of residential dwelling units to individuals or groups, including financing plots for building homes, and also extends to financing public agencies for housing projects and slum improvement schemes, all aimed at developing viable housing infrastructure. The RBI regulates Housing Finance Companies (HFCs), treating them as Non-Banking Financial Companies (NBFCs), with specific criteria for their assets and activities, including requirements for liquidity, capital adequacy, and responsible lending.

Key Aspects

* Purpose

* Recipients

* Scope

* HFC Regulations

* Core Functions